Your Tax Questions Answered: Home Office Deductions, Business Beers, and S-Corp Salaries
Apr 16, 2025
On this Podcast we answer listener questions! If you have a question you would like discussed on a future episode, submit it now!
- Go to www.TaxSavingsPodcsat.com
- Click Podcast
- Scroll to the Bottom and Submit Your Question
You never know, your question may be on the next Q&A session. Below are today's questions, tune into our Podcast to hear the answers!
Listener from Phoenix, Arizona: Does your new tax book include information on the Augusta Rule? I didn’t see it in the table of contents.
Listener from Brisbane, California: Is there a reason I can't download the podcast using podcast addict?
Curtis: Can I write off buying a few beers for my vendor, client, or business associate if we discuss business. I know I can write off a business meal but it feels wrong if it is a few drinks instead.
Facebook Group Member Jennifer: Frustrated with my CPA and I know she is frustrated with me! I keep asking why I can’t personally claim a home office deduction. I co-own a medical practice. We are 50/50. S corp. i work from home every single day doing charting, answering emails, paying bills and some telehealth. I also have a physical office that I travel to 5 days a week. My CPA tells me I can’t say I have a home office. She also says that if I’m just going from home to office that I can’t claim mileage because this is commuting and indont have 2 locations. Not sure I understand why when I read so much that says I can as long as we have an accountable plan, keep mileage log. Wouldn’t the business I conduct at home qualify?
Listener from Northbrook, Illinois: I recently discovered your podcast and I see that you offer a complimentary demo. Before booking that I was wondering if it makes sense for me to do this. Here's my situation: - wife works 2 W-2 jobs - I have a business which produces very little every yearwith very minimal expenses - We have two kids that attend private school -We own a property in which we live -We do put away money into Roth IRA and retirement fund Please let me know your thoughts Thank you!
Nicole: I’m starting a pathology/diagnostic company - I’ll be based in one state (with some equipment and cases) and the main lab/equipment and most cases will be based in another. Another pathologist will be based in a 3rd state. I am trying to figure out where to incorporate and what to expect in terms of tax nexus for the various states. Current plan is for an S corp or LLC filing as an S corp. I’m getting some mixed messages and initial tax advice is questionable. I’ve been listening to your podcasts, so thought I would reach out. Thank you!!
Facebook Group Member Jordan: Hi, when I purchase expensed equipment that I’m paying monthly payments on, how would I bookkeep this?
Dru: Hi there. My husband and I have been talking about setting up a Family Office Company and have been trying to fine someone to help consult us on this process and setting it up in a way that makes sense for us. Would love to see if you can offer some guidance!
Facebook Group Member Kristy: What are some tax deductions that you didn’t know you could use?! I need some to add as proper expenses!!
Anonymous Facebook Group Member: I am currently an LLC and am considering to elect to file as an S-Corp to save on taxes. I am trying to figure out what is a reasonable salary. If I normally showed a net profit on my schedule C of $65,000-75,000 and I have another part time W-2 job (as a normal employee, to get health insurance) what would be a reasonable salary for a remodeling contractor (mostly tile work) for 25-30 hours a week? Would $35,000 be decent?
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